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To: Secret_Agent_Man who wrote (406)11/21/1998 6:47:00 PM
From: Rock_nj  Respond to of 1634
 
You can't short an IPO until it has traded for 30 days.



To: Secret_Agent_Man who wrote (406)11/21/1998 7:13:00 PM
From: Kenneth Yeh  Read Replies (1) | Respond to of 1634
 
newmillenium, I tried shorting UBID, here's what it said:

Charles Schwab Services:

Order Verification Account Number xxxx-xxxx

This order can not be placed. Please read the Order Verification
message(s) below for assistance.

UBID - UBID INC

Action Sell Short
Qty 100
Price 200
Div. Reinv. ---
Time Limit Good Until Canceled
Special Conditions None

Current Quote N/A
Estimated Amount -----
Estimated Commision -----

Messages
1. This security cannot be sold short. ( 64 )

You cannot short IPO's until after 30 days after the IPO.

-Kenneth